Senior Compensation Consultant

3 weeks ago

Cleveland, United States Medical Mutual of Ohio Full time

Location: Brooklyn Ohio

Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.2 million members through our high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement, and individual plans.

We are seeking an experienced compensation professional to join our Total Rewards team who possesses expertise in the design and administration of sales incentive plans. This role requires an understanding of sales processes, compensation structures, and motivational techniques to effectively incentivize and reward sales teams.

Responsibilities

  • Consults and performs job evaluations for new and revised positions and department reorganizations, including FLSA compliance, market pricing and internal equity review. Maintains associated processes, salary survey budgeting, submissions, and uploading of results, job description library and HRIS job tables and reporting.

  • Administers the annual merit process; recommends merit budgets and salary range movement and models costs.Develops timelines, job aids and communications; acts as resource to users. Creates executive summaries for discussions/recommendations and ensures pay adjustments are properly posted for all participants.

  • Administers the Annual and Long-Term Incentive Plan processes; creates and maintains participant demographic and award projection reports and provides updates to Finance as needed.Collaborates with HR, finance, internal and external audit, and communications to ensure proper annual award payment and messaging to participants.

  • Acts as primary liaison with HRIS and IT to ensure that compensation data needs are met. Recommends and implements processes and solutions for more efficient reporting and operations.

  • Administers executive and sales incentive compensation.

  • Performs other duties as assigned.

Qualifications

Education and Experience:

  • Bachelor’s degree business administration, finance, human resources, or a related field.

  • 5 years of experience as a Total Rewards Analyst with a strong focus on compensation or equivalent compensation experience which includes base and variable pay programs, HR systems, and general human resources practices.

Professional Certification(s):

  • Certified Compensation Professional (CCP) or other industry recognized certification preferred.

Technical Skills and Knowledge:

  • Strong knowledge of market analysis and pay design methodologies, variable compensation, and equity plans.

  • Strong knowledge of compliance laws including FLSA and other employment related regulations.

  • Advanced Microsoft Office and Human Resources Information Systems (HRIS) skills.

Medical Mutual is looking to grow our team We truly value and respect the talents and abilities of all of our employees. That's why we offer an exceptional package that includes:

A Great Place to Work:

  • We will provide the equipment you need for this role, including a laptop, monitors, keyboard, mouse and headset.

  • Whether you are working remote or in the office, employees have access to on-site fitness centers at many locations, or a gym membership reimbursement when there is no Medical Mutual facility available. Enjoy the use of weights, cardio machines, locker rooms, classes and more.

  • On-site cafeteria, serving hot breakfast and lunch, at the Brooklyn, OH headquarters.

  • Discounts at many places in and around town, just for being a Medical Mutual team member.

  • The opportunity to earn cash rewards for shopping with our customers.

  • Business casual attire, including jeans.

Excellent Benefits and Compensation:

  • Employee bonus program.

  • 401(k) with company match up to 4% and an additional company contribution.

  • Health Savings Account with a company matching contribution.

  • Excellent medical, dental, vision, life and disability insurance — insurance is what we do best, and we make affordable coverage for our team a priority.

  • Access to an Employee Assistance Program, which includes professional counseling, personal and professional coaching, self-help resources and assistance with work/life benefits.

  • Company holidays and up to 16 PTO days during the first year of employment with options to carry over unused PTO time.

  • After 120 days of service, parental leave for eligible employees who become parents through maternity, paternity or adoption.

An Investment in You:

  • Career development programs and classes.

  • Mentoring and coaching to help you advance in your career.

  • Tuition reimbursement up to $5,250 per year, the IRS maximum.

  • Diverse, inclusive and welcoming culture with Business Resource Groups.

About Medical Mutual:

Medical Mutual’s status as a mutual company means we are owned by our policyholders, not stockholders, so we don’t answer to Wall Street analysts or pay dividends to investors. Instead, we focus on developing products and services that allow us to better serve our customers and the communities around us.

There’s a good chance you already know many of our Medical Mutual customers. As the official insurer of everything you love, we are trusted by businesses and nonprofit organizations throughout Ohio to provide high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement and individual plans. Our plans provide peace of mind to more than 1.2 million Ohioans.

We’re not just one of the largest health insurance companies based in Ohio, we’re also the longest running. Founded in 1934, we’re proud of our rich history with the communities where we live and work.

At Medical Mutual and its family of companies we celebrate differences and are mutually invested in our employees and our community. We are proud to be an Equal Employment Opportunity and Affirmative Action Employer. Qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, veteran status, or disability status.

We maintain a drug-free workplace and perform pre-employment substance abuse and nicotine testing.

Title: Senior Compensation Consultant

Location: OH-Brooklyn

Requisition ID: 2400515

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